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2 Frame of reference

2 Frame of reference 2005-2014

Claim categories:Claim categories - vessel/years

• Cargo and number of claims:
• Injury
Cargo – Total casualties: 1,459
• IllnessIllness – Total casualties: 957

Injury – Total casualties: 895
Claims intervals:

• USD5,000–USD3,000,000

• USD1,000–USD3,000,000

Types of vessel:

• Bulk carriers

• Containervessels

• Tankers

3 Introduction

The Swedish Club closely monitors the frequency of different show a much higher severity on average. Fortunately, these
types of claim and prioritises identifying the patterns and claims are infrequent and their scarcity makes it dificult to

trends derived from loss statistics. Another priority ofestablish a trend or pattern. They are often connected to a

course is sharing this important data with our members and catastrophic navigational claim, such as a collision, contact
business partners. Merely observing is not good enoughor grounding.

– we need to analyse why things happen and how we can Another important decisive factor as to whether or not

help our members prevent them from happening again. In a “like-for-like” comparison between the vessel and claim
this publication you will ind a number of measures you can types can be made, is whether the vessels’ trading patterns

adopt to prevent casualties from occurring.and number of crew on board are similar. For bulk carriers,

To make this study and analysis conclusive, we limited containers and tankers we can make this comparison.
the types of vessels to bulk carriers, container vessels and Costs have risen over the last ten years, with this rise

tankers which represent 80% of our insured vessels.mainly affecting the frequency of claims above USD 5,000

For the same reason, we have restricted the number of after the deductible. For claims below USD 5,000 there is
claim categories in order to be representative of the Club’s actually a drop in frequency.

overall claims experience. The chosen claim categoriesWe also believe that more intense trade with less time

are cargo, illness, and injury, which represent the highest on board to prepare for critical operations has resulted in a
frequency of claim. Other categories, such as pollution higher number of crew-related incidents.

and other P&I claims (including wreck removal liabilities)

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